A Choice for Every Business
We cover every industry types. No matter the industry your business falls into, we’ve got you covered. Small businesses are numerous and varied. Each one deserves the opportunity to reach its full potential, and we’re here to support you on that path. One of the top reasons to choose an MCA is the simplicity of our application process, making it easy for all businesses to access funding.
Retail
Manufacturing
Health Care
Construction
Real Estate
Agriculture
Education
Automative
Professional Services
Food and Beverages
Merchant Cash Advance
A Merchant Cash Advance (MCA) is a form of financing that provides businesses with a lump sum of capital in exchange for a percentage of their daily credit card sales. It’s particularly useful for businesses with a high volume of credit card transactions, such as retail stores, restaurants, or e-commerce businesses.
Here's how it typically works:
Advance Amount: The MCA provider offers a lump sum of cash upfront, which the business receives immediately upon approval.
Repayment Structure: Instead of fixed monthly payments, the MCA is repaid through a percentage of the business’s daily credit card sales. This means that during slower sales periods, the repayment amount is lower, but during busier periods, it can be higher.
Factor Rate: The MCA is repaid with a “factor rate” rather than an interest rate. This factor rate is a decimal figure typically ranging from 1.1 to 1.5 or higher. The total repayment amount is calculated by multiplying the factor rate by the advance amount.
Duration: The repayment period is usually shorter than traditional loans, often ranging from a few months to a year or more, depending on the terms of the agreement.
Approval Process: MCA providers typically evaluate the health of the business’s credit card sales and overall financial condition rather than focusing solely on credit scores. As a result, the approval process can be quicker and more accessible for businesses with less-than-perfect credit.
Consulting with a financial advisor or exploring alternative financing options may also be beneficial to ensure the best fit for the business’s needs and financial health.
Our Team is Here To Guide You
We take a collaborative approach to financing, working closely with our clients to develop customized solutions that meet their specific requirements. Whether it’s a Merchant Cash Advance, Business Line of Credit, or Equipment Financing, we offer a diverse range of financing options designed to fit the evolving needs of businesses across various industries.
